Strawberry Fields REIT (NYSE AMERICAN: STRW) reported operating results for the year ended Dec. 31, 2025, highlighting strong financial performance and portfolio expansion. The company achieved 100% rent collections, with funds from operations (FFO) reaching $79.6 million, or $1.43 per share, compared to $60.2 million, or $1.15 per share, in 2024. Adjusted funds from operations (AFFO) rose to $72.5 million, or $1.30 per share, up from $55.8 million, or $1.07 per share. Net income increased to $33.3 million from $26.5 million, while rental income grew to $155.0 million from $117.1 million in the prior year.
During 2025, Strawberry Fields executed a new 10-year Kentucky master lease with $23.3 million in base rent, subject to CPI increases. The company also acquired multiple skilled nursing and healthcare facilities across Kansas, Missouri, and Oklahoma, totaling more than 1,200 beds. These acquisitions expand the company's portfolio, which now includes 143 healthcare facilities with an aggregate of over 15,600 beds across ten states.
To finance its growth, Strawberry Fields issued approximately $89.5 million in Series B bonds on the Tel Aviv Stock Exchange (TASE) at a 6.70% fixed rate. According to Chairman and CEO Moishe Gubin, this positions the company for continued accretive growth in 2026. The company's portfolio consists of 131 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals, located in Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, and Texas.
The full press release is available at https://ibn.fm/wR6ME. For more information about Strawberry Fields REIT, visit https://ibn.fm/STRW.
